Two-Bedroom Condominium with Rooftop
For Sale
$250,000
1950 N 6TH STREET Unit 3, Philadelphia, PA 19122
A 2019-built residence pairs a private outdoor entertaining area with a wet bar and an open kitchen configuration.
Property Size1,443 SF
Price / SF$173.25
Days on Market68
Property Features for 1950 N 6TH STREET Unit 3
General Information
Standard status
Active
Size
1,443 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Kensington
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$400
Amenities
private rooftop deck
Building Details
Building Size
1,443 SF
Year Built
2019
Listing Agency:
Keller Williams Main Line
Listed By:
Jamie M Quinn · License #RS326137
(215) 478-7218
Source:
Desantis-realestate
Added: Aug 25
Changed: Oct 27
Last Checked: Oct 27 at 3:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Main Line
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,443-square-foot condominium has two bedrooms and two full bathrooms. Hardwood flooring leads into a kitchen with white shaker cabinets, stainless steel appliances, granite counters, and a peninsula. A separate wet bar includes its own sink and stone counter. The private rooftop deck features a pergola, chiminea, and skyline view; one bathroom has a glass shower and tiled niche.
Built in 2019, the residence combines interior gathering space with a dedicated rooftop area. The address is in Philadelphia, Pennsylvania.
Built in 2019, the residence combines interior gathering space with a dedicated rooftop area. The address is in Philadelphia, Pennsylvania.
Key Highlights
- Two bedrooms and two full bathrooms
- 1,443 square feet
- Private rooftop deck with pergola, chiminea, and skyline view
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,698
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,960
$454.0K
Cap Rate 7%
$324,257
$324.3K
Cap Rate 9%
$252,200
$252.2K
Market Conditions
NOI Build-Up for 1,443 SF
Gross rent
$43.8K $30.36/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$41.3K $28.60/SF
− OpEx
−$18.6K −$12.87/SF
NOI
$22.7K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,960
Cap Rate 7%
$324,257
Cap Rate 9%
$252,200
Alternative Uses
Best Use
Apartment 5plus
$324.3K
$283.7K – $378.3K
NOI $22,698 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$351.8K
$307.8K – $410.4K
NOI $24,625 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,067
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A 2019-built residence pairs a private outdoor entertaining area with a wet bar and an open kitchen configuration.
Where is this residential income property located?
The property is located at 1950 N 6TH STREET Unit 3 Philadelphia, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; 1,443 square feet; Private rooftop deck with pergola, chiminea, and skyline view
